Friday sell-off in $XBI Long
SPDR Series Trust SPDR S&P Biotech ETFArca
Description
⋅ I'm hoping the extremely high volume selloff today was a result of profit taking and closing positions before the weekend.
It is down 2.4% including after hours. However it had a huge long day yesterday. So it still closed above both 10 dma and my trend line.
This gives me hope XBI will still go up the following week.